BUY TURMERIC APR @ 14000 SL 13800 TGT 14300-14500. NCDEX - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 34660-38260.
Jeera prices dropped due to higher production prospects
In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 38500.9 Rupees gained by 0.55 percent.
BUY JEERA JAN @ 35000 SL 34500 TGT 35600-36000. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7100-7540.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited due to slower sowing progress for the upcoming season
. In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022.
In Gondal, a major spot market, the price ended at 7736.55 Rupees gained by 0.91 percent.
BUY DHANIYA JAN @ 7250 SL 7150 TGT 7350-7450. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 13942-14658.
Turmeric gains as shrinking supplies in the market supporting prices.
Arrivals have been tighter and likely to remain down that is likely to support firmness in prices.
Support also seen due to reduced production projections.
In Nizamabad, a major spot market, the price ended at 13233.15 Rupees dropped by -0.37 percent.
BUY TURMERIC APR @ 14000 SL 13800 TGT 14300-14500. NCDEX
